BioFish Holding - Positive decision from the Norwegian Authority of Food Safety

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BioFish is pleased to announce that its subsidiary BioFish AS, received the
formal decision from the Norwegian Authority of Food Safety of increasing its
annual Production from 1,5 million Smolt up to 5 million Smolt.  

The decision also included permission to phase out the last tanks running with
flow-through technology and replace them with RAS.  This is an important
milestone in BioFish Holding's Green Fish-Farming philosophy.

For more information please contact:

Torbjørn Skulstad, CEO
+47 483 81 546

Tor Haldorsen, Chairman of the board
+47 932 26 282

About BioFish:
BioFish is a land-based producer of smolt - juvenile fish destined for
aquaculture facilities. The company's production takes place in its production
facility in Kvam on the Norwegian west coast using a Recirculating Aquaculture
System (RAS), which recycles at least 99% of the water used. BioFish' deliver
smolt to salmon farms along the entire Norwegian coast and may also deliver its
products to customers across Northern Europe.